I am picking among some of the rubble, making some purchases in my layer in, layer out strategy. These are generally about $5K buys, and as (if) they go lower I want to build up later positions...
- Indian bank HDFC Bank (HDB) - down 14% in 6 sessions; chart is in bad shape though
- Indian bank ICICI Bank (ICIC) - down 20% in 6 sessions; chart is in bad shape
- Chinese travel agency Ctrip.com (CTRP) - down 15% in 6 sessions after earnings spike where I sold off most of my remaining position
- Coal producer Massey Energy (MEE) - continue to sell this off in parts on lifts, and buy back when it falls back, trying to make some small trading gains in this awful market
- Medical company Illumina (ILMN) - down 12% in 7 sessions; been waiting for this one to fall for a long time; it's fallen to its 50 day moving average in upper $60s; I'd love to see it in the lower $60s to load the boat
I am trying to find places to apply cash; my favorite sectors still continue to fail to break down - again, as stated yesterday the "generals" will be the last to fall. So I remain patient waiting on a full blown panic before they will sell off.
Long all names in fund; long none in personal account








